- Payall |
- Press Release
- Sep, 2020
Payall to power a Specialty Global Marketplace for Civil Defense
Sep, 2020 - Payall Payment Systems to power a Global Civil Defense Marketplace.
ICDSCA (International Civil Defense Support & Coordination Agency) and Payall have signed an agreement, where Payall will develop and launch a specialty Civil Defense Marketplace for professionals and organizations dedicated to saving and protecting lives threatened by disease outbreak, natural and man-made disasters.
Civil Defense is a global billion-dollar market, impacting citizens, governments and companies all across the world. Still, with unaddressed underlying issues, ranging from desperate demand paired with an inability to easily and safely identify certified, high quality suppliers, lack of trading capabilities and transparency all the way to limited inter-country cooperation – it all paints an industry in pain.
The Civil Defense Marketplace’s main goal will be to match those looking for Civil Defense Products and Services with those who sell them. This is a cumbersome service that has been done manually, wasting thousands of human hours, not scalable, nor ideal. This is especially true amid the current crisis, when countries are in desperate need of a method to quickly identify, connect to and engage with trusted, and verified suppliers and buyers, streamline payments and shipments.
The first ever digital Civil Defense Marketplace will offer unique, desirable features for both sellers and buyers alike:
- Robust compliance and certification capabilities
- Ultimate, secure, multi-currency and international cross-country payments
- 3rd party inspections
- Cloud based inventory management
- Logistics & insurance support
- Bank grade due diligence on buyers and sellers
- Authentication of product certification
- Support of Civil Defense specific products & services
- Commercial bid administration
- Escrow administration
- Integrated trade finance
- Digital marketing platform
- Supply chain traceability
- Security payments transactions
- Global Pay-In & Pay-Out: Wire transfer, Crypto, Cards
The Marketplace will welcome companies that sell and buy in the civil defense area, as well as non-profits that aid civil defense initiatives, as well as volunteers and other professionals who offer their services to support our global humanitarian community. If you are interested in discovering the marketplace, check it out here.
Payall attributes its selection to the company’s ability to quickly & efficiently integrate industry-specific needs for product certifications, logistics, trade finance, and shifting of product purchases from a seller receipt to dynamic buyer-controlled cloud-based inventory management. The MVP is scheduled to launch Q1 2021, gradually expanding capabilities to an existing pipeline of over 80 suppliers and buyers.
The goal is to have the platform grant access only to reliable players, all of which will have payment accounts on the system. Accounts that are going to be paired with secure payment capabilities with instant cross-border transactions and capabilities around card acceptance, and crypto, offering buyer protection, and multiple value-added services. Besides that, the company will set to combat some of the global challenges that plague this industry segment, the likes of fragmented supply chains, lack of real-time transparency, lack of quality control, risk of high trading volume, lack of trading capability, and a high risk of bad players involvement.
With over 30 years of experience, the International Civil Defense Support & Coordination Agency (ICDSCA) has the purpose to cover cooperation gaps between National Civil Defense & Protection International Organizations and different NGOs. It identifies technologies, goods, knowledge, and services useful for saving human lives or protecting the environment around the world and makes them available to the National Civil Defense & Protection bodies and international & regional organizations.
Payall is a new type of banktech and regtech entity, the first-ever Cross-Border Bank Processor that enables money to move globally at the speed of data through banks. The company has pioneered a new paradigm of global correspondent banking-as-a-service. Proprietary software and processes overcome the high-risk nature of cross-border payments such that foreign-initiated payments are safer than domestic payments. Additionally, recipients have diverse and valuable options to control their money. With Payall, banks can offer a safe, innovative and differentiated cross-border payment product to compete with, or power, FinTech.